Bavarian Finance Minister Friedrich Zietsch, submitting his budget to the Bavarian Parliament, announced that the sum of 35,000,000 marks had been set aside for indemnification and reparations payments to victims of the Nazis during the coming fiscal year.
He told the House that of some 200,000,000 marks worth of Nazi-confiscated property taken over by Bavaria, 7,500,000 marks worth had so far been returned to former owners or handed over to legal successor organizations. In all, some 46,000,000 marks worth had been used for reparations or had been returned, he stated, and 70,000,000 marks worth was still under direct Allied control. The Bavarian Government had sold property worth 19,300,000 marks, of which 5,000,000 marks had been set aside for indemnification purposes, he added.
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